Manufacturing capacity utilization eased in November. | So Good News
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Ankara
The capacity utilization rate (CUR) in the manufacturing sector fell to 75.9 percent in November from 76.9 percent in October, according to central bank data.
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The utilization rate in the consumer durables industry decreased from 74 percent to 72.1 percent, while the CUR in the non-durable goods sector fell to 74.5 percent from 74.9 percent.
Companies operating in the consumer goods sector operated at 74.1 percent capacity in November, down from 74.7 percent the previous month.
In the food industry, performance was unchanged at 75.2 percent, while in the intermediate goods sector, CUR fell from 76.7 percent to 75.4 percent.
CUR in the capital goods sector fell to 76.8 percent in November from 77.4 percent in October.
The central bank announced on November 24 that the real estate sector confidence index fell to 97.9 in November from 100.3 in October.
An index above the 100 mark indicates optimism among companies.
The sub-index for production volume over the next three months fell to 105.5 from 109.4, while the index for current orders improved to 81.6 from 79.7 last month.
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The index for export orders over the next three months fell to 102.9 from 105.4.
An index assessing the general economic condition of companies rose to 85.1 in November from 82.9 in October.
Meanwhile, the Turkish Statistics Institute (TÜİK) said economic sentiment improved in the retail and construction sectors, but in the services sector it fell in November.
The retail sector confidence index rose 2.1 percent month-on-month after rising 3 percent in October, while the construction sector confidence index growth slowed to 1.2 percent from 2.8 percent.
Confidence in the services sector fell 1 percent in November, after rising 0.9 percent in October.
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